UPDATE: Cinemark Posts Upbeat Q2 Results

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Cinemark Holdings
CNK
reported better-than-expected second-quarter results. Cinemark's quarterly net income surged to $51.6 million, or $0.45 per share, versus $40.4 million, or $0.35 per share, in the year-ago period. Its revenue increased 5% to $649.6 million. However, analysts were expecting earnings of $0.37 per share on revenue of $630.7 million. Cinemark shares closed at $24.05 on Friday.
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Posted In: EarningsNewsprofit
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